Citi, StanChart, join SWIFT India

Citibank and Standard Chartered Bank in India has joined SWIFT India as shareholders. SWIFT India was formed in 2012 as a joint venture of SWIFT SCRL and 9 banks in India, for the domestic financial community and by the community. Kiran Shetty, CEO, SWIFT India, said the company is committed to support the ambitious digitization agenda of India and the two banks joining the platform reinforces the trust and commitment of the Indian financial community in SWIFT India, to accelerate digitization of domestic information flows and financial messages of the world class standards. Axis Bank, Bank of Baroda, Bank of India, Canara Bank, Citibank, HDFC Bank, ICICI Bank, Punjab National Bank, Standard Chartered Bank, State Bank of India, SWIFT SCRL and Union Bank of India are the current shareholders of the Indian company.